The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet $156,000 560,010 Equity Cash Fixed assets $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity by

The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet $156,000 560,010 Equity Cash Fixed assets $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity by

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
The balance sheet for Quinn Corporation is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 130,000 Fixed assets 494,960 Equity $ 624,960 Total $ 624,960 Total $ 624,960 The compay has announced it is going to repurchase $42,000 worth of stock instead of paying a dividend of $1.50. What effect will this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. What will the price per share be after the repurchase?
The balance sheet for Quinn Corporation is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 136,000 Fixed assets Total 499,970 $ 635,970 Equity Total $635,970 $ 635,970 The compay has announced it is going to repurchase $46,400 worth of stock instead of paying a dividend of $1.60. a. What effect will this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. shareholders' equity by a. The transaction will b. New shares outstanding c. Share price
The balance sheet for Ferguson Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) New stock price $
Below is Company A's balance sheet at the end of 2022. Assume that Company A issues 25 shares of common stock and 1 share of preferred stock. What is the earnings per share of Company A? 2022 AmountNet sales$1,000.0Variable operating costs 770.0Fixed operating costs 50.0Depreciation and amortization 50.0Interest30.0Taxes20.0Preferred dividends5.0Common dividends25.0 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The balance sheet for Tempest, Ic., Is shown here in market value terms. There are 25,000 shares of stock outstanding. Market Value Balance Sheet $ 175,000 570,000 Cash Fixed assets Equity $745,000 Total $745,000 Total $745,000 The compay has announced It is going to repurchase $22,500 worth of stock Instead of paying a dividend of $.90. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round Intermedlate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round Intermedlate calculatlons and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will shareholders' equity by b. New shares outstanding C. Share price
The Mike Corporation’s statement of financial position shows total shareholders’ equity of P3,150,000 as of December 31, 2016. a. What is the book value per share, assuming that the company has only one class of share capital outstanding consisting of 50,000, P10 par ordinary shares?A. P10.00B. P63.00C. P70.20D. P73.00 b. What is the book value per ordinary share assuming that the company has two classes of share capital outstanding consisting of the following: 5,000, P100 par value preference shares with a liquidation value of P120 per share and 50,000, P10 par value ordinary shares?A. P10.00B. P51.00C. P53.00D. P63.00
S The balance sheet for Quinn Corporation is shown here in market value terms. There are 27,000 shares of stock outstanding. Market Value Balance Sheet $ 110,000 519, 100 $ 629,100 Cash Fixed assets Total Equity Total $ 629,100 $ 629,100 The compay has announced it is going to repurchase $24,300 worth of stock instead of paying a dividend of $.90. a. What effect will this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. The transaction will b. New shares outstanding c. Share price b. How many shares will be outstanding after the repurchase? 32. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., c. What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. shareholders' equity by
The balance sheet for Quinn Corporation is shown here in market value terms. There are 8,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 45,600 Equity 500,000 $ 545,600 Total $ 545,600 a. Shares outstanding b. New stock price $ 545,600 Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $15,200 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The owners' equity accounts for Vulcano International are shown here: Common stock ($1 par value) Capital surplus Retained earnings Total owners' equity a. Assume the company's stock currently sells for $47 per share and a stock dividend of 8 percent is declared. How many new shares will be distributed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. New shares issued $ 80,000 200,000 660,000 $ 940,000 Show the new balance for each equity account. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Common stock Capital surplus Retained earnings Total owners' equity
The balance sheet for Quinn Corporation is shown here in market value terms. There are 30,000 shares of stock outstanding. Market Value Balance Sheet $ 137,000 826,600 $ 963,600 Cash Fixed assets Total Equity Total The compay has announced it is going to repurchase $51,000 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. The transaction will b. New shares outstanding c. Share price b. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. $ 963,600 $ 963,600 reduce 28,412 32.12 shareholders' equity by $…
the owners’ equity accounts for Quadrangle International are shown here: Common stock ($1 par value) 30,000 Capital surplus 285,000Retained earnings 649180 Total owners’ equity 964180 a. If Quadrangle stock currently sells for $30 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. b. If Quadrangle declared a 25 percent stock dividend, how would the accounts change?